No one can tell you with 100% certainty that rates will go up or down tomorrow, next week or a month from now. The mortgage market is a market that has two main competitors: U.S. treasury notes and corporate bonds. It is this constant battle between the floor (U.S. treasury notes) and the ceiling (corporate bonds) that causes rates to rise and fall consistently.
Read MoreHouse hunting in the winter can give you the advantage as the buyer, even in a predominantly sellers market like it has been in recent years. This applies not only here in Duluth, but across much of the nation. Many people avoid buying and selling in the winter altogether, but not everyone wants to pay top dollar to wait until the spring or summer seasons.
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